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    Home » Diar: Facebook's cryptocurrency may face the problem of lack of investors

    Diar: Facebook's cryptocurrency may face the problem of lack of investors

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    By BlockchainJournal on May 29, 2019 News
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    Globalcoin cryptocurrency, which is developed by the company Facebook, according to the reports of the research company Diar, may face a shortage of investors.

    This assumption is due to the fact that the majority of Facebook users are representatives of the older generation. As numerous sociological polls show, such people hardly understand how the blockchain technology and cryptocurrency as a whole work, and also how a new financial instrument can be used. Meanwhile, young Facebook users are well informed about the benefits of using cryptocurrency, but their “meager” material wealth is not supposed to allow them to significantly invest in the development of Facebook.

    Diar representatives also note that in order to increase the activity of adopting Globalcoin, the company will have to establish contacts with traditional financial institutions. First of all, it is expected that the Globalcoin development project will focus on providing its services to countries whose financial infrastructure suffers, to say the least.

    Recall that earlier it was reported that Facebook is in talks with international payment systems, in particular Western Union, Visa, Mastercard. In addition, the company is reportedly also in talks with venture investor Tim Draper about possible investments in the Globalcoin project.

    In the crypto community, they still believe that Globalcoin can be an excellent means of payment in its ecosystem and will not compete with the flagship Bitcoin cryptocurrency.

    Bitcoin blockchain Diar Facebook Featured Globalcoin Mastercard Visa Western Union Work
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